Ha Noi to make public investment promotion projects

08/29/2015 10:40 AM

VGP – Ha Noi has organised a conference to promote investment in industry, real estate, trade and services, and social infrastructure.

The event drew the participation of representatives of the central ministries, branches and embassies of some countries – including Japan, the Republic of Korea, France and Russia – along with numerous enterprises.
The forum aimed to better advertise the city's investment climate and opportunities to domestic and foreign investors.

Speaking at the conference, Vice Chairman of the Ha Noi People's Committee Nguyen Ngoc Tuan told participants that over the years, investment performance of Ha Noi had developed positively, both in quality and quantity. 

City authorities would also promote administrative reforms and improve the processes of planning, investment, building and taxation to support businesses. Numerous trade promotion activities would also be held to attract more domestic and foreign investment, Tuan said.

Director of Foreign Investment Agency Do Nhat Hoang said to further attract FDI, Ha Noi should enhance its potential promotion and investment opportunities and clear obstacles in land clearance as well as shorten the time for issuance of investment certificate and paper-work. In addition, it should promote investment and business connections through banks, investment funds and consultancy companies.

The city's Chairman, Nguyen The Thao, said Ha Noi would focus on attracting investment in industries to promote technology transfer, especially in high-tech, and create jobs and increase exports as well as train human resources and develop infrastructure facilities, support industry and high-quality service.

In the field of industry and construction, the city would focus on enhancing capacity building and position the industry in such a way that it can avail of the advantages and attain competitiveness to join in the global value chain such as support industry, information technology, biotechnology, high technology, microelectronics industry, said the chairman.

Accordingly, the city’s total development investment capital reached over VND1.4 trillion in the 2011-2015 period, a two fold increase over the 2006-2010 period. The city is currently one of three leading localities for attracting foreign investment in the country.

According to the Ha Noi Master Plan up to 2030, with a vision to 2050, Ha Noi will be developed sustainably to become a ‘green, cultural, civilized and modern’ city with a central urban area, five satellite and three ecological towns.

The participation of investors both in the country and abroad is essential to the implementation of the plan. The city will draw out appropriated investment orientations in order to ensure sustainable development associated with the reform of administrative procedures at all levels in the promotion, management and deployment of foreign direct investment projects and development assistance programmes.

The city was among 10 leading localities in FDI attraction over the first half of this year as it lured US$203 million in capital.

                                                                                                                                        By Vien Nhu